B.Sc. II (Semester IV) (Entrepreneurship) Examination, 2018
(Old CGPA Pattern)
CORPORATE ACCOUNTING AND PROFESSIONAL ETHICS (Paper
Day and Date Thursday, 3-5-2018 Max. Marks 70
Time 10.30 a.m. to 1.00 p.m.
N. B. All questions are compulsory.
Figures to the right indicate full marks.
1. Multiple choice questions 14
Document that consists of all ethical standards that employer's expect from
employees is classified as
Ethical code Descriptive code
Procedural code Distributive code
Justice and fairness of a result of q decision is classified as
Descriptive Justice Procedural Justice
Distributive Justice Severance Justice
Required rate of return in calculating bonds cash flow is also classified as

Going rate of return Yield
Earning rate Both of A)and
Globalization opportunity for paid work for women has denied them
Global Health Good Education
Permanent job None of these
Optimization offered the practical basis for targeting
Product Customers
Decision Government
The aim of the MNC is to boost accounting profitability by shifting funds
around the
Country Region
World Market
For the investment weighed average time to maturity classified as
Premium time Standard time
Mean time Distribution
Globalization has created new opportunities of
Employment Emerging multinationals
Providing services All of the above
Process in which employees take some time off from job and expect that
they will come back for work is classified as
Merger Acquisition
Layoffs Downsizing
10) An annual interest payment dividends by current price of bond is considered as
Current yield Maturity yield
Return yield Earning yield
11) Slightest hazardous methods by which organization carry out international
trade is
Licensing Franchising
International trade The establishment of new subsidiaries
12) Which is the section of corporate social responsibility
Creditors Suppliers
Professional institutions All of the above
13) A teleological approach to business ethics process that the guiding principle
should be
Practice People
Purpose Power
14) In real world, all factors of production are perfectly
Mobile Immobile
Somewhat mobile All of answer is correct
2. Solve any seven of the following 14
Corporate culture.
Use of final account.
Define holding company.
Meaning and definition of Corporate Governance.
Concept of personal and business ethics.
What is meant by goodwill
Code of conduct.
Valuation of shares.
Define code of conduct.
3. Attempt any two of the following 10
Explain in detail Corporate Governance.
Role of Information Technology.
Importance of business ethics.
Rearrange the following items of a manufacturing company under the three
heads 4
Live stock
Goodwill
Patents
Book Debts
Advances paid
Loose tools
Bills receivable
Vehicles
Work in progress
10) Cash in hand.
Fixed Assets
Current Assets
Loan and Advances
4. Attempt any two of the following 14
Role of MNC.
Describe Schedules of final A/c of company in detail.
Balance Sheet as on 31-3-2003.
Liabilities H Ltd. S Ltd. Assets H Ltd. S Ltd.

Equity Shares Investment (12000
capital (Rs. 10 each) 5,00,000 1,50,000 equity shares) 1,90,000
General Reserve 80,000 30,000 Machinery 2,50,000 1,50,000
Profit and Loss A/c 70,000 60,000 Sundry Debtors 50,000 50,000
Sundry Creditors 80,000 40,000 Cash/Bank 3,00,000 1,15,000
Bills Payable 60,000 35,000
Total 7,90,000 3,15,000 7,90,000 3,15,000
Set P
Additional information
H Ltd., purchased 12,000 equity shares of S Ltd., on 1/4/2002 on which
date, S Ltd., General Reserve at Rs. 10,000 and Profit and Loss stood at
Rs. 20,000.
Prepare a Consolidated Balance Sheet.
5. Attempt any two of the following 14
Ethics in HRM.
Raj products Ltd., prepare Balance Sheet in vertical from with proper Schedules
as on 31-3-2005.
Liabilities Rs. Assets Rs.
Share capital 6,50,000 Land and Building 3,15,000
General Reserve 65,000 Freehold property 3,00,000
Reserve Fund 55,000 Plant and Machinery 1,40,000
Share Premium 40,000 Sinking Fund Investment 1,00,000
Debentures 1,60,000 Closing stock 1,25,000
Bank Overdraft 80,000 Sundry Debtors 95,000
Sundry Creditors 70,000 Cash/Bank 65,000
Bills payable 40,000 Bills Receivable 40,000
Unclaimed Dividend 20,000 Prepaid Expenses 20,000
Provision Tax 45,000 Preliminary Expenses 25,000
Total 12,25,000 Total 12,25,000
Following information pertains to Clinton Corporation Ltd.
Particulars Rs.
20,000, 12% Preference shares of Rs. 10 each 2,00,000
50,000 Equity shares of Rs. 10 each 5,00,000
Average Annual Profits before tax 2,00,000
Income tax 30%
Transfer to Reserve 20%
Normal return in similar industry 25%
Mr. Rahul holds 400 equity shares of the company. He has requested you
value his shareholding on the basis of above information. Please do the
needful.